JOURNAL ARTICLE
Why Algorithm-Generated Recommendations Fall Short.
Published In: Harvard Business Review Digital Articles, 2024. P. 1 1 of 3
Database: Business Source Ultimate 2 of 3
Authored By: Morewedge, Carey K. 3 of 3
Abstract
The article discusses the limitations of algorithm-generated recommendations and the need for better ways to predict user preferences. Algorithms often rely on past behaviors to infer future preferences, leading to biases and inaccurate recommendations. The article provides examples of biases that affect decision-making, such as fast thinking, conflicting desires, and social norms. It suggests measures that organizations can take to improve algorithm design, including auditing algorithms for human bias, improving algorithm design to reflect users' normative preferences, training algorithms on different user data, and crafting algorithms that rely less on behavior and more on stated preferences. The article emphasizes the importance of investing in the behavioral science of algorithm design and moving beyond revealed preferences. [Extracted from the article]
Additional Information
- Source:Harvard Business Review Digital Articles. 2024/01, p1
- Document Type:Article
- Subject Area:Ethnic and Cultural Studies
- Publication Date:2024
- Accession Number:174831919
- Copyright Statement:Copyright 2024 Harvard Business Publishing. All Rights Reserved. Additional restrictions may apply including the use of this content as assigned course material. Please consult your institution's librarian about any restrictions that might apply under the license with your institution. For more information and teaching resources from Harvard Business Publishing including Harvard Business School Cases, eLearning products, and business simulations please visit hbsp.harvard.edu. (Copyright applies to all Abstracts.)
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